10-QPeriod: Q1 FY2004

COSTCO WHOLESALE CORP /NEW Quarterly Report for Q1 Ended Nov 23, 2003

Filed January 2, 2004For Securities:COST

Summary

Costco Wholesale Corporation reported its quarterly results for the period ending November 23, 2003. The company demonstrated continued operational strength and a focus on its membership model, which is a key driver of its profitability. Investors can look to the reported sales figures and membership renewal rates as key indicators of the company's ongoing success and its ability to maintain customer loyalty. The filing also provides insights into the company's financial health, including its balance sheet and cash flow, which are crucial for assessing its stability and capacity for future growth. The management's discussion and analysis section offers a deeper understanding of the factors influencing the company's performance, including any potential risks and opportunities.

Key Highlights

  • 1The report covers the quarterly period ended November 23, 2003.
  • 2Costco Wholesale Corporation is registered with the SEC under file number 0-20355.
  • 3The company's common stock is traded on The Nasdaq National Market.
  • 4As of December 19, 2003, there were 458,079,244 shares of common stock outstanding.
  • 5The filing indicates that the company has filed all required reports for the preceding 12 months and is an accelerated filer.
  • 6The report includes condensed consolidated financial statements (Balance Sheets, Statements of Income, and Cash Flows).
  • 7Management's Discussion and Analysis of Financial Condition and Results of Operations is a key section for investors to review.

Frequently Asked Questions

Costco Wholesale Corporation operates membership warehouses that provide a wide selection of branded and private-label products at low prices to its business and wholesale customers. Its business model relies heavily on membership fees for profitability.

Detailed financial performance can be found in the 'Condensed Consolidated Statements of Income' and 'Condensed Consolidated Statements of Cash Flows' within the filing. The 'Management's Discussion and Analysis of Financial Condition and Results of Operations' section provides a narrative explanation of these results.

While this specific excerpt does not detail all risks, investors should refer to 'ITEM 2—MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS' and 'ITEM 3—QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK' in the full filing for information on market risks and other factors that could impact the company's performance.

As of December 19, 2003, there were 458,079,244 shares of Costco's common stock outstanding.